Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to 5-Week Lows
Both ETH and BTC fell close to five-week lows to start the week, as losses in crypto markets extended on Monday. Following bearish pressure over the weekend, BTC started the week trading below $39,000, while ETH was under $2,900. Bitcoin Bitcoin started the week trading in the red for a fifth consecutive session, as prices dropped to multi-week lows. Following a peak of $39,845.92 on Sunday, BTC/USD plunged to an intraday bottom of $38,338.38 earlier today. This drop is the lowest level BTC has traded at since March 15, when price hit a bottom of....
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Bitcoin was trading near a key support point on Monday as markets prepared for a big week of economic data. The headline release will be Wednesday’s U.S. inflation report, which is forecasted to come in at 8.1% for September, which is lower than August’s rate of 8.3%. Ethereum was also in the red, as the token slipped to a one-week low to start the week. Bitcoin Bitcoin started the week trading at a seven-day low, as markets prepared for a big week of economic data. BTC/USD slipped to a bottom of $19,162.31 on Monday, which saw prices drop below a key support point of....
On Monday, bitcoin fell to its lowest level since June, as sentiment in cryptocurrency markets remains bearish. The token has fallen lower in consecutive sessions following last week’s U.S. inflation report, and the fall comes ahead of the upcoming U.S. Federal Open Market Committee meeting. Ethereum was also down, hitting a multi-month low of its own. Bitcoin Bitcoin (BTC) fell to a four-month low to start the week, as bearish sentiment remains high in crypto markets. BTC/USD slipped to an intraday low of $18,390.32 earlier in the day, which comes following a breakout of a floor at....
Ethereum went through weeks of bearishness after which the king of altcoins pushed above the $1000 mark. Over the last 24 hours, it soared close to 9% but in the past week, the coin registered a double-digit loss of 22%. The coin even moved below the $900 mark but as buying strength slowly recovered, ETH moved upwards on the chart. It cannot be said for certain if Ethereum will continue to move northwards because technical outlook still remains quite dicey. Bears are still in control of the market and if the coin fall from the $100 mark, the next trading zone lies between $700-$900. Buyers....
BTC and ETH were once again lower during today’s trading session, as both were trading close to two-week lows. Bitcoin dropped below $43,000 for the first time since March 24, while ETH hit a bottom near $3,100 on Thursday. Bitcoin Bitcoin continued trading lower on Thursday, as the world’s largest cryptocurrency fell below $43,000 for the first time in over two weeks. Following a peak of $45,424.98 on Wednesday, BTC/USD fell to an intraday low of $42,899.91 during today’s session. This is the lowest level BTC has traded since March 24, and bitcoin has seen its price....
Ethereum Price Key Highlights. The downtrend on ethereum price action appears to be slowing down, as bears don't seem to be too eager to take it down to new lows. After breaking below the earlier triangle consolidation pattern, ethereum price seems to be losing momentum and might be in for a short squeeze around the recent levels. Ethereum price might need to make a correction from its recent drop in order to draw more sellers to push for new lows. RSI Bullish Divergence. Technical indicators appear to be showing that a rally is about to take place, as RSI is reflecting downtrend....